New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-02-10
CLOSING PRICES OF CALIFORNIA STOCKS
RAN FRANCfsCO Feb 8. 1sSI

WEDNESDAY,. Feb Or. ".
The official report OF the NcwYork Central and hudson
River Railroad Company TO the state Commissioners lot
the quarter ended December 81 1886. Il printed below
compared with the quarters Of the preceding TWO
years It's results ore 800 ess favorable than the
pubhod estimate OF December 81: both the gross earn
ings AMI operating expenses are greater than the es
mate The exhibit shows net earnings OF so per cent
on the and only per cent dividend was ue-
clared and paid for the quarter the surplus carried for
ward is $7l or The surplus for the six monhs-1uy
TO December Glover and above the dividends OF per
cent paid for each quarter amounts to Sl,'2o'o-'
or l.9J per cent OF undivided prohts ino
feature Of the statement Is that the gross earn
ings OF Central and Hudson and the west shoe
combined were for the quarter S2.l4i614 greater thh
that Of the New-York Central for the quarter OF 1882
while the gross OF the West shore for the quarter
of 1855 were only about and the operating ex
enes of the two companies the last quarter are only
81 $40 greater than those OF Ncw-fork Central LOT
the quarter OF 1885 This statement TO be Is
sued by thu NewYork Central which VIII not compare
with the preceding year the same mileage
The days stocs speculation developed nothing beyond
crowing confidence I'm values and belief that the i'm
proycment already marked In general business was
only an indication OF what Il To follow Inc
transactions. except In two or three stocks were
not large. and yet the steady hardening "i
values WAS marked In the stocks which were called
dun as in the few active specalitics At the opening
ffrs: prices were universally CHER; fluctuations there
were but the ten AMI steadily were directed IL"
wand apprccaons In obedience Ia the law OF supply ana
demand And this despite much preaching that after
the last three days advances reaction was due ana
necessary for the health OF the market The h1om has
not come, Is nothing yet hut recovery from the
scare Of mouth Foreign wars. labor strikes and
Interstate Commerce bill have played their part with
poor results the operators who did Their bcst 10
magnify them factors In American Indus
fries Despite them all, general business
ha. been little venenccd outside OF New York AMI
while NewYork Is an Important part OF the country
with Chicago added together make only small part oi
GO 600 900 of people And Congress with all It's power
for evil or good can make little mpre when 1t de-
votes it ne to the Of laws opposed to the
supreme laws OF commerce AMI OF competition III 'ho
.ay. market st. Paul and Reading the principal
features and they closed respectively AMI \ M3hcr
chan last evening" but Eric with sales OF only lOooo
.harcs wa, also up IL. Delaware. Lackawanna ana
W..tern with sales Of 5000 shares was up = per cent
Louisville and Nashville, la; Lake Shore y ;
Srw.York Genital. r. New YORK anu Now
England lls and Union Pacific, ~ facino
Mail closed up per cent anticipated favorable set
Element OF its disputes with the Panama Railroad Com
many rDe st raul directors to-day declared divihonds
Of 3o per cent on It's preferred stock and zig per cent ON
ifs common stock for the half year ended December 81
M ooci statement given out, but II Il stated mat
the wears surplus after providing for these diidcnd Is
nver = OOO OJO The irkct closed quiet ana strong
coVcrnmrnt bonds were dull aud 1rm with the bids Tor
coupon advanced % per cent Annexed are tue e"oe
quotations.: